Appellate Tribunal rules against interest claim on refund during stay order.

The Appellate Tribunal CESTAT, New Delhi held that the applicant is not entitled to claim interest on a refund due to a stay order by the Supreme Court until 2-8-2002. The Tribunal dismissed the Revenue's appeal and closed the Miscellaneous application, ruling against the party's entitlement to interest.

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The Appellate Tribunal CESTAT, New Delhi ruled that the applicant is not entitled to claim interest on a refund as the Tribunal's order was stayed by the Supreme Court until 2-8-2002. The appeal filed by the Revenue was also dismissed. The Tribunal held that the party is not entitled to claim interest and closed the Miscellaneous application.

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